JPMorgan-led bank group planning $1bln Motel 6 deal

13 Jul, 2012

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Bloomberg reports that a trio of banks led by JPMorgan Chase & Co. are planning about $1 billion of bonds tied to Blackstone Group's acquisition of the Motel 6 lodging chain. The transaction, which may be offered in October, will be composed of debt taken on by Blackstone to acquire the motels. JPMorgan is working with Deutsche Bank AG and Citigroup to arrange the offering, sources told Bloomberg.

Topic : Blackstone, Motel 6, JPMorgan
External Source : Bloomberg